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Vietnam s PouYuen Vietnam, the shoe manufacturer for popular brands like Nike and Adidas, will lay off about 6,000 permanent workers due to a significant drop in orders. The country s apparel and furniture exports have suffered due to the global cost-of-living crisis, resulting in a reduction in purchasing power of global consumers. The labor department reported a decline in demand for workers, with one-third of production facilities in Ho Chi Minh City affected in Q1 2022. , Companies News, Times Now ....
Vietnam's PouYuen Vietnam, the shoe manufacturer for popular brands like Nike and Adidas, will lay off about 6,000 permanent workers due to a significant drop in orders. The country's apparel and furniture exports have suffered due to the global cost-of-living crisis, resulting in a reduction in purchasing power of global consumers. The labor department reported a decline in demand for workers, with one-third of production facilities in Ho Chi Minh City affected in Q1 2022. , Companies News, Times Now ....
Taiwan's Pou Chen Group touted as the world's largest manufacturer of casual and athletic footwear for leading brands has signed a Memorandum of Understanding to invest in Tamil Nadu, India. According to the MoU exchanged between the Tamil Nadu Government and the Pou Chen group, the latter's group company, High Glory Footwear India Private Limited would invest Rs.2,302cr (approximately $280mn) over a period of 12 years and help generate 20,000jobs here. ....
Around 16,000 workers of Taiwanese-invested footwear maker Pou Chen Vietnam, a Nike contract manufacturer, have returned to work after four days of strike over Tet bonuses. - VnExpress International ....